Frikkee takes cautious stance to maintain dividend stability
It has been a turbulent year for UK equity income fund managers, with BP suspending its payments, large-cap miners reinstating dividends and investors looking to the mid-cap space for income opportunities.
Tineke Frikkee, the manager of Newton Higher Income fund, managed to grow the portfolio’s distribution by 3.5% over the year to 30 June, despite a difficult environment for income seekers. Its 12-month...
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